Originally posted by kirkline
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As others have mentioned there are a number of tax issues that apply specifically to contracting in the building trade about which we on this forum know nothing, but the stuff Paddy links to above, together with Zippy's advice and Clare@InTouch's suggestion of consulting an accountant, will hopefully help you to work out the best approach. If in doubt, it's always worth a few bob getting advice from a professional accountant and/or tax advisor with experience in your line of work; it can work out cheaper than if you try to deal with it yourself and the taxman jumps on you at a later date.
Good luck moving your business forward - some people on here love the idea of being a "director" but wouldn't understand the concept of running a business with employees if it bit them on the backside
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